FREE TOOL — 2026
RRSP Contribution Calculator 2026
See exactly how much tax you save by contributing to your RRSP. Compare your tax bill before and after the contribution and understand your effective deduction rate.
RRSP Contribution Calculator
See how much tax you save by contributing to your RRSP
Should You Contribute to RRSP or TFSA First?
The answer depends on your current vs. expected retirement income. LazyPlan analyzes your marginal tax rates and tells you the optimal split between RRSP, TFSA, and FHSA — personalized to your situation.
Free tier available. No credit card required.
You know your RRSP limit but miss spousal RRSP strategies and optimal contribution timing
AI creates a multi-year RRSP strategy with spousal splitting, HBP planning, and retirement income projection
Most users unlock more savings after creating a full plan
Turn this into a full strategy
How RRSP Tax Deductions Work▾
RRSP contributions are deducted from your taxable income, reducing your tax bill for the year. The higher your marginal tax rate, the more you save per dollar contributed.
Your 2026 RRSP limit is 18% of last year's earned income (up to the annual maximum), with unused room carrying forward.
Uses official 2026 CRA tax brackets. For personalized RRSP vs TFSA advice, sign up for LazyPlan.
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